Maruti suzuki can come down and rise towards 10,000, would not short and wait for a good price entry to buy.
Maruti has been in a Complex Head and Shoulder pattern formation since September 2018. Looks like the stock is coming out of this pattern as it moves above 8500 with high volumes. The stock had reported its Quarterly Earnings on 25th Jan and the stock has moved +4.2% since then. If the stock stays above 8500, it can move towards its all-time high of 10K
CMP:8550.95 Upcoming Target: 8212, 9182. After Completing W Pattern Target Now Maruti Go for Elliot Wave theory. In Maruti can see the stock price starting to fall after the completion of the 1st Elliot wave . The downside target is 8203. The correction wave may take the 12345 pattern. You also go for Long term buy on dip strategy with five time...
Maruti Suzuki has given a big breakout in this dull and bearish market. Buy for a Target of Rs.9300 and keep a deep stop loss at Rs.8200 due to the increased volatility.
NSE:MARUTI gave a nice breakout in previous session with great volumes, the breakout appears on same zone which was a resistance zone for multiple times and now it will be approaching a previous swing high that is also an all-time high, my target is Maruti will reach 10000 for the first time, mark a stop loss of 7850/- If you think it's worth than do like!!!
#marutisuzuki bank potential weekly inverted H&S breakout This auto sector major potentially is breaking out of a inverted head and shoulder patter on weekly charts The sector is one among strongest in the market as of now. The momentum also is bullish on all timeframes alone with and ADX trend indication of rising strength. The current multi year resistance from...
ready for head and shoulder pattern breakout cmp 7426 add till 7000 tgt 10000 long term
Maruti has made a good high with volume and price breakout. Now it may move to 10,000 as this was it's previous resistance. I think it may come again to same level and then it may brake previous high. Time frame I can assume is of 6 months. I have kept it from already 7400 near levels as suggested by my indicator. Follow my Youtube channel as well. NSE:MARUTI
Top of a rising channel Long wick shows supply Short at CMP for target of 7500 SL 8300 Price action shows a fall
This looks like a good setup to go long..!! iNVERTED Head and shoulder on weekly and Higher high formation.!! TIME TO GO LONG!!
Maruti Suzuki India Ltd - 07.01.2022 The stock is trading @ 7906 levels The prices are above EMA There is a Head & Shoulders Candle Formation in Monthly Chart with a neckline @ 7500 levels There is a SPINNING TOP in daily chart Stochastic is overbought in Daily Chart RSI is overbought in Hourly Chart Watch out for the price action
Auto Giant has nicely formed inverse head and should pattern on sustaining above 8000+ level. next target would be 9300/9800/10000
NSE:MARUTI Observations: 1) On 1day time frame,it has bounce from 200DMA and now trading below 50DMA. 50DMA is immediate resistance. 50DMA is placed at 7493.41. We can say that range of 7490-7500 will be immediate resistance zone. Please refer below chart : 1day Time Frame. 2) Also on 1day time frame, it has made double bottom pattern. Major...
I hope you can now see how Maruti represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...
Hi Traders /Investors , This is a Swing / Positional Trade . I can see a bullish momentum in Maruti Suzuki because of following reasons :- 1) Formation of Inverted Head and Shoulders Pattern . 2) Also formation of Double Bottom chart pattern , which is also bullish. 3) Can also enter this trade after a Retest at prior Resistance level now acting as a...
India's largest automobile manufacturer is seen to have factored in all sorts of negative news inflows relating to low production volumes ,semi conductor shortage, global rise in raw material prices, sky rocketing fuel prices and lots more.The beast had given a breakout from a triangle pattern with a successful retest and looks as it would continue the upside...
As per top Down approach Auto Sector Is looking Bullish in all time frame Maruti Suzuki is about to give head and shoulder pattern breakout RSI and Volume and is showing bullish strength One should buy above 8000 for safe traders, aggressive traders can buy above 7900 First Target will be 9500, the Last target will be 12000 Happy Diwali and Happy Trading